While some producers and midstreamers have shifted their focus from the Marcellus and Utica shales to oilier, more lucrative plays, pipeline giant Williams is expanding its Appalachian position by purchasing with the Canada Pension Plan Investment Board (CPPIB) the remaining 38% stake in Utica East Ohio (UEO) Midstream.
Jv
Articles from Jv
Consol, Noble Drop NatGas Pipeline Assets to Cone Midstream After JV Split
Cone Midstream Partners LP said Wednesday it has agreed to acquire the remaining interest in more than 125 miles of pipelines and 650 MMcf/d of natural gas compression capacity from sponsors Consol Energy Inc. and Noble Energy Inc. in a deal valued at $248 million.
NFG Extends Marcellus JV with Private Equity Firm
National Fuel Gas Co. (NFG) subsidiary Seneca Resources Corp. said Monday that it would extend its joint venture (JV) agreement with an affiliate of Dallas-based IOG Capital LP across 10,500 acres in Northern Pennsylvania, further reducing this year’s exploration and production budget.
Brief — Chaffee Corners
Thailand’s largest coal producer, Banpu Pcl, has invested $112 million for a 29.4% stake in a joint venture in northeastern Pennsylvania, the Chaffee Corners Joint Exploration Agreement, which is majority owned by Spain’s Repsol SA (see Shale Daily,Dec. 16, 2014). Banpu’s stake gives it 156 Bcf of reserves and about 21 MMcf/d of potential production.
Brief — Chaffee Corners
Thailand’s largest coal producer, Banpu Pcl, has invested $112 million for a 29.4% stake in a joint venture in northeastern Pennsylvania, the Chaffee Corners Joint Exploration Agreement, which is majority owned by Spain’s Repsol SA (see Shale Daily,Dec. 16, 2014). Banpu’s stake gives it 156 Bcf of reserves and about 21 MMcf/d of potential production.
Rex Energy Inks Another JV to Hold Western Pennsylvania, Ohio Acreage
In an ongoing effort to better monetize its assets and generate more cash flow for this year’s drilling program, Rex Energy Corp. said late Thursday it has secured another joint venture (JV) with a private investment firm that could net it up to $175 million and reduce this year’s budget.
MarkWest, Kinder Mount Challenge to Bluegrass NGL Pipeline
Kinder Morgan Energy Partners LP and MarkWest Utica EMG LLC (MarkWest Utica) are putting up a $2 billion y-grade natural gas liquids (NGL) processing and transportation combo project that competes with the Bluegrass Pipeline, which has been proposed by Boardwalk Pipeline Partners LP and Williams.